RPM International (RPM)
RPM International Tangible Common Equity Ratio: 8.21%
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RPM Tangible Common Equity Ratio Rankings
| Overall | 77th percentile | 975 of 4390 |
| Sector | 92nd percentile | 37 of 507 in Basic Materials |
| Industry | 84th percentile | 8 of 53 in Specialty Chemicals |
RPM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.80% | Feb 2009 |
| Maximum | 11.60% | Aug 2011 |
| Average | 2.56% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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RPM News
about 44 days ago by RPMIntl
Apr 17, 4:00PM PR Newswire
about 52 days ago by RPMIntl
about 56 days ago by SlownSteady
about 56 days ago by RPMIntl
Apr 05, 2:10PM Seeking Alpha
about 57 days ago by earningscast
about 57 days ago by SlownSteady
about 57 days ago by StockTwits
about 57 days ago by RPMIntl
about 58 days ago by RPMIntl
Apr 04, 8:03AM Benzinga
about 58 days ago by RPMIntl
about 59 days ago by RPMIntl
Apr 03, 9:07AM Street Insider
about 59 days ago by RPMIntl
about 62 days ago by RPMIntl
about 63 days ago by RPMIntl
about 64 days ago by RPMIntl
about 65 days ago by RPMIntl
Mar 26, 3:05PM PR Newswire
about 74 days ago by RPMIntl
about 85 days ago by RPMIntl
Feb 21, 9:05AM Street Insider
Feb 21, 9:01AM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RPM | 26.36 | -0.02 | -0.08% | 3.463B |
| REFR | 3.39 | +0.07 | +2.11% | 62.78M |
| REE | 4.07 | -0.20 | -4.68% | 188.86M |
| REDF | 4.21 | -0.38 | -8.28% | 134.17M |
| RE | 102.12 | +0.90 | +0.89% | 5.440B |
| QPSA | 2.93 | -0.06 | -2.01% | 108.24M |
| QMM | 0.44 | +0.01 | +1.15% | 66.26M |
| QLTY | 10.62 | +0.23 | +2.21% | 280.22M |
| QLTI | 7.61 | +0.03 | +0.40% | 371.12M |
| QLT | 23.95 | +0.23 | +0.97% |